TopBuild Abandons Proposed Acquisition of SPI After Antitrust Division Concerns

Document Title: TopBuild's Proposed Acquisition of SPI Holding Company

Summary:

TopBuild has announced its decision to abandon its proposed acquisition of SPI Holding Company, valued at approximately $960 million. The abandonment will preserve competition in the market by combining two of the largest providers of insulation products in the United States, eliminating head-to-head competition between TopBuild and SPI Holding Company. The Antitrust Division, in particular, has worked tirelessly to achieve this result, ensuring that the combined entity will not harm competition in the market.